VietnamCredit is the first company in Vietnam to provide information on companies and industries . The IC is the official license allowing foreign investors to carry out business activities in Vietnam. Posted 5.11. Below are key highlights of this business structure! When a foreign investor incorporates a company in Vietnam, the foreign investor needs to (1) apply for an IRC for an investment project (the Project), and (2) apply for an Enterprise Registration Certificate for the project company which implements the investment project (Project Co).In addition to the investment project, the IRC usually records details of the … Business in Vietnam: Investment Registration Certificate The investment registration certificate with its acronym IRC is revenue minus expenses). Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. The IC is the official license allowing foreign investors to carry out business activities in Vietnam. Investment laws & industry-specific regulator guidelines. Get in touch by filling in the form below. There are four key considerations: 1) Clarify your Business Lines and Scope Vietnam’s accession to the WTO required that the nation opened its economy to foreign investment in a wide range of business lines. International investors are obliged to obtain an Investment Registration Certificate (“IRC”) from the municipal/provincial Department of Planning and Investment (“DPI”) in relevant provinces in Vietnam. You are deemed to have consented to our cookies policy if you continue browsing our site. Post-registration … Still uncertain about doing business in Vietnam? The items stated below are the details of company registration procedure in Vietnam: The registration process used to take a long time. Having the license guarantees the operation of the new company include: Certificate of base warranty, maintenance of cars Tax and other requirement. 2019 by Cekindo / Last update on 2.12. Duration as indicated on the business registration certificate. The article has showed you the best ways to verify whether the business registration certificate of a Vietnamese company is legitimate or not. Overview of Investment Registration Certificate in Vietnam. 2020. As a foreign investor in Vietnam, after being approved to establish a wholly foreign owned company, the competent authorities will issue 2 certificates for the investor, namely Investment … Business Registration Certificate Joint Stock Company. Bring a copy of business registration certificate to seal-maker agency to make a stamp for your company. 1.1. The Investment Registration Certificate is granted first since it is the prerequisite to obtain the Business Registration Certificate. Vietnam Business Culture: What You Need To Know. However, in case the application is not qualified, a notice will be sent to you under a written form which clearly states the reasons why your application is turned down and what you need to modify or add to your dossier. Applying for an investment registration certificate. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Guide to Hiring: Basic Terms of Employment Contract in Vietnam, Details on parties, obligation, working hours, wages (higher than minimum wage in Vietnam) and other benefits must be included in an employment contract in Vietnam. This certificate can be seen as proof showing your business is officially formed in Vietnam with approval from the government. Pre-INCORPORATION advisory. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. Business registration certificate or enterprise registration certificate. It depend on specific business activities and location of the company to be setup in Vietnam. 2.2. » Cafe€redit » business registration certificate vietnam Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration … Vietnam Company Documents As company incorporation agents our experience and relationship with the Business Registration Department of Vietnam means, we can obtain registry copies of company documents and conduct comprehensive Vietnam company searches… Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. Setup enterprise registration certificate vietnam “ERC” at LHD Law Firm, the Top Vietnam law firm with Location at Ha Noi, Ho Chi Minh, Da Nang, Bac Ninh, Bac Giang, … In order to operate a foreign company in Vietnam with 100% ownership, you will need to acquire two certificates from relevant authorities: investment registration certificate and enterprise registration certificate. A General Guide to Limited Liability Company In Vietnam. Authority (“SIRA”), which will issue them investment registration certificates (“IRC”). The business registration authority that issues the Certificate of branch/representative office registration shall inform the business registration authority in charge of the administrative division where the enterprise’s headquarter is situated, send information about registration of the branch/representative office to the tax authority, statistics authority … Long ago, from 2005 to 2014 to be exact, you only needed to apply for an investment registration certificate when registering your company in Vietnam. According to Article 4 of the Law on Enterprises, an enterprise registration is a hard-copy or soft-copy document containing information about a company establishment issued by the government’s business registration agency (a part of the Vietnam’s Department of Planning and Investment). If you want a reliable certificate registration service that gets the job done with no hassles, Cekindo is the right one for you. Then, the stamp need to be posted to National business registration portal to legalize your seal. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. With several specific sectors, after setting up the company, the company shall be also required to obtain sub-license for officially operating. © 2020 Cekindo Business International, Ltd. We use cookies to improve and customize your browsing experience. Especially, for businesses operating in the printing industry, one of the conditional business lines in Vietnam, it is important to know the procedures for investment registration, business registration … One-stop Company and Business Registration. An investor must first engage in an investment project and prepare an application dossier (file) to apply for an Investment Certificate (IC), which is also considered to be the business registration for the enterprise. An investment project is a set of proposals on using medium or long-term capital to conduct investment activities in a specific geographical area within a specific period of time. However, things have changed. An investment authority can only issue an ERC to an enterprise when they fulfill the following requirements: The investment registration certificate with its acronym IRC is an e-document with the information of the registered investment project. Cekindo Business InternationalShark building - 3rd & 8th Floor29 Nguyen Van Mai StreetWard 8, District 3Ho Chi Minh City 72408, Vietnam +84 28 3535 0019 vietnam@cekindo.com. ENTERPRISE REGISTRATION CERTIFICATE (ERC) DEFINITION. You must apply for an enterprise registration certificate in order to form your business in Vietnam. Investment Registration Certificate and Enterprise Registration Certificate. While some industries still require foreigners to form a joint venture with a Vietnamese, Vietnam has consistently liberalized its foreign investment regime and most industries now allow full ownership by foreigners; The most popular corporate vehicle to do business in Vietnam is the limited liability company. For foreign companies investing in Vietnam for the first time, they must be surprised by the investment procedures as well as the licenses required to start operations. For foreign companies investing in Vietnam for the first time, they must be surprised by the investment procedures as well as the licenses required to start operations. Then, the investment registration authority must issue the investment registration certificate to the investor within 15 business days upon the receipt of the valid application. Address of the head office of the enterprise; telephone number, fax number, and email address; Charter capital (in case of an enterprise) or investment capital (in case of a sole proprietorship); Types of shares, value per share and the total number of shares by type which may be sold (in case of a joint-stock company); Full name, signature, permanent residence address, nationality, and personal identification document of a sole proprietor (in case of a sole proprietorship) or each partner (in case of a partnership); Full name, signature, permanent residence address, nationality, and personal identification document of the business’s law representative, in case of limited liability companies and joint-stock companies. Overall, you (or an authorized person) need to submit a full application file to Vietnam's business registration agency. Investment Registration Certificate and Enterprise Registration Certificate. A Go-To Guide To Joint Stock Company In Vietnam. Likewise, the processing time may take a few weeks (around 15 days) but it might take a longer period if your business investment needs additional approval from higher-level government agencies. The business name does not contain words or symbols that go against Vietnam’s historical traditions, culture, morality and customs. For investment projects that are subject to investment policy decision, once the investment authority has received the investment policy, they have to issue the investment registration certificate to an investors no more than 5 business days. According to ‘Doing Business Report 2019’ article of the World Bank, the time-period for starting a business in Vietnam … Document will be sent to your email shortly after successful submission. Emerhub’s company registry in Vietnam is easily accessible, and it takes only one working day to receive the requested reports. Certificate of Origin is stipulated in Decree No. From 2015, under the effect of the Law on Enterprises and new amended Law on Investment, foreigners when opening a company in Vietnam need to obtain both certificates separately. What Is an Investment Registration Certificate in Vietnam? HANOI – Vietnam’s capital, Hanoi, has implemented a plan to reduce the time needed to obtain a Business Registration Certificate to within three days of receiving the application, instead of the previous 10 days.Although this change will only initially apply to Vietnamese enterprises, the definition of Vietnamese enterprises was changed recently to allow them to have foreign … Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. BBCIncorp is always willing to help! For each procedure, a summary indicates what are the institutions involved, the expected results, the requirements and the legal justifications. Also, please remember that the above papers are only standard documents. Searching of Company Information on Vietnamese National Business Registration Portal After addressing the National Business Registration Portal, Enter tax code / business code into the search … The corporate income tax rate in Vietnam is 20% currently. It depend on specific business activities and location of the company to be setup in Vietnam… Knowing Vietnam business culture can contribute greatly to the success of your doing business with Vietnamese partners. hbspt.forms.create({ The World Bank cited that Vietnam has transformed from being one of the world’s poorest countries into growing middle-income country over the past thirty years. … A Business Registration Certificate (“BRC”), often referred to as an Enterprise Registration Certificate … First of all, you must obtain an investment registration certificate from the... #2 Business registration … Market entry advice. In case an enterprise registers change to contents of branch or representative office registration and business location registration, the enterprise shall submit a notice to the competent business registration office in the locality where such branch or representative office or business location of the enterprise is located for issuance of Branch/Representative office registration certificate … "Business" Required to be Registered and Application for Business Registration. To set up in Vietnam, foreign investors must obtain an investment certificate/license and carry out a company registration process. In some cases, this tax can be seen as withholding tax in Vietnam. In general, foreign investors should pursue two main certificates, which are Investment Registration Certificate (IRC) and Business Registration Certificate (BRC) / Enterprise Registration Certificate (ERC). When foreign investors own at least 51% of charter capital of the investment projects, the investment registration certificates become mandatory. Having the license guarantees the operation of the new company include: Certificate … Enterprise registration certification is the must-have certificate when you set up a business in Vietnam. 2. Certificate of Investment Registration; Certificate of Enterprise Registration. Almost all businesses in Vietnam need to register for VAT. In practice, the time duration would be lengthened due to the time for preparation of documents from investor, getting them notarized, legalized and authenticated before being accepted in Vietnam. Below is a useful guide to how to start a business in Vietnam as a foreigner. Business Registration Certificates for 3 Years. 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate … If the registered capital on the business registration certificate or investment certificate is in a foreign currency, then the registered capital amount will be converted into Vietnamese Dong in … With several specific sectors, after setting up the company, the company shall be also required to obtain sub-license for officially operating. Specifically, according to Article 22 of the Law on Investment, other than satisfying some specific conditions regarding foreign enterprise formation in Vietnam, you must obtain an investment registration certificate before opening your business in this jurisdiction. The step-by-step process of company registration in Vietnam #1 Investment registration certificate. Companies in Vietnam must also get a business registration certificate … 2.1. If you are a foreigner who wishes to establish your own business in Vietnam, there are two very important types of business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Here we walk you through both the benefits and challenges of Vietnam business to reach your final decision! This certificate acts as a piece of evidence proving your business is officially formed in Vietnam with approval from the government. After forming conditions. A limited liability company in Vietnam is considered to be the most popular type of business entity in Vietnam. the exercise certificates of directors or associates. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Known as the second China, Vietnam has achieved its economic openness and robustness today with a lot of efforts over the years. Set up and manage your oversea company across the globe, Open corporate bank accounts in offshore financial centers and leading financial hubs in Asia, Fulfill annual reporting requirements with outsourced accounting and auditing activities, Start receiving online payments with a merchant account, Enhance your business image with a mailing address in prime locations, Make informed decisions with news and insights. Application for an Enterprise Registration Certificate in Vietnam, 2. Foreign investors starting a business in Vietnam for the first time, must go through two main steps to register a limited liability company. How to set up a manufacturing company in Vietnam #1 Investment registration certificate. The purpose is for the government to manage the ign investment in a more systematic way. portalId: "1804570", Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration ( with the content of exclusive business registration). business in Vietnam. Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. 1. We will handle the entire registration process and submit the dossier on your behalf so that you don’t have to think about this part of investing in Vietnam. Investment registration and Enterprise registration certificate in Vietnam ; Investment registration and Enterprise registration certificate in Vietnam. Foreigner Guide: Opening a bank account in Vietnam. Company registration in Vietnam has seen tremendous growth over the past few years. Business registration certificate or enterprise registration certificate. Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial level State Business Registration Authority (“SBRA”). Below is a sample of an Investment Registration Certificate: And, establishing an enterprise (an economic organization) is considered as an investment activity/project in Vietnam according to chapter IV of the Law on Investment. Vietnam company registration is time consuming, though GBS will normally complete the tasks within ten weeks. In addition, according to the 2019 Doing Business Report by the World Bank, the outlook for setting up a business in Vietnam is becoming better and better due to its improved investment transparency and other initiatives for unceasing development. Parent Category: About PCB >> About us 11 / 03 / 2015. Business Registration Certificate Joint Stock Company. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. Business registration certificate of the branch and representative office will be withdrawn in three circumstances: (i) contents in the dossier registering business of branch and the representative office is counterfeit, (ii) branch or representative office stop operating for a year without notification to Business Registration Agency; or (iii) upon the court’s decision or … Particularly, an investment registration certificate in Vietnam contains the following information: Normally, in order to apply for an investment registration certificate in Vietnam, you need to submit the following documents to a business registration agency* (a part of Vietnam’s Department of Planning and Investment): *If your investment project is located in industrial zones, export-processing zones, hi-tech zones or economic zones, then the management boards of these zones will be responsible for issuing an investment registration certificate to you. Requirements for an Enterprise Registration Certificate in Vietnam, 1.3. Readers are given critical information may affect your money while doing business in Vietnam. Find out key features of this type and how it is different from an LLC in Vietnam! Vietnam virtual office is an emerging trend for business people investing in Vietnam in recent years. 5. The most common ones are: The business name is not completely the same or confusingly identical to those of other enterprises. In this article, Cekindo will provide you with some legal insights into obtaining the certificates. Vietnam Virtual Office vs Co-Working Space: Which to choose? Vietnam’s numerous investment opportunities is nothing new to the world, especially for those aspiring entrepreneurs and investors looking to venture into Southeast Asia. A joint stock company in Vietnam is the only business form allowed to issue shares. Guide to Corporate Tax in Vietnam for Foreigners. When registering a foreign-owned company in Vietnam, you need an investment... #2 Business registration certificate. (except cases of establishing SMEs being innovative start-ups or start-up investment funds in relation to the SMEs support program under Vietnam laws, effective from 2021). Startup Consultancy | Invest in Vietnam – … Should you have any questions about any business registration certificate in Vietnam, please do not hesitate to contact us! Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. Vietnam Foreign Contractor Tax: What Is It and How to Pay? The business name is not the same as those of government organizations. Emerging trend for business people investing in Vietnam are subject to foreign Contractor tax: What you to.: + ( 84 ) 28 3931 22 66 the exercise certificates of directors or associates first company Vietnam. 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